Italcementi in Libyan joint venture

Italcementi in Libyan joint venture
Published: 03 September 2008

A joint venture between the Libyan government, in the form of its Economic and Social Development Fund, Italcementi is to build a 4Mta integrated cement works at a cost of between US$550m and US$750m. 

The plant is planned for a location around 50km west of Tobruk and a mining concession has been agreed with the National Mining Company of Libya in order to secure the necessary raw materials. 

The joint venture is also contemplating a 0.5Mta white cement plant. 

The new works are primarily aimed to serve the Libyan market, but could also supply cement or clinker for exports within the Mediterranean area.